Breedon Group (LON:BREE) Trading 12.7% Higher – What’s Next?

Breedon Group plc (LON:BREE) shares traded up 12.7% during trading on Wednesday . The company traded as high as GBX 490 ($6.31) and last traded at GBX 482 ($6.21). 5,280,465 shares changed hands during trading, an increase of 205% from the average session volume of 1,731,599 shares. The stock had previously closed at GBX 427.50 ($5.51).

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Berenberg Bank lifted their price target on Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 520 ($6.70) price target on shares of Breedon Group in a research report on Friday, November 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 575 ($7.41) price target on shares of Breedon Group in a research report on Friday, November 22nd.

Breedon Group Trading Down 0.9 %

The firm has a market cap of £1.63 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.56 and a beta of 1.29. The company has a fifty day moving average price of GBX 435.67 and a 200-day moving average price of GBX 434.79. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. As a group, research analysts expect that Breedon Group plc will post 36.8586859 EPS for the current year.

Breedon Group Company Profile

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the USA, delivers essential products to the construction sector. Breedon holds 1bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.